Azura Credit Union (KS) 30-Month Bump CD Steady At 3.01% APY

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Deal Summary: Share Certificates – 30-month Bump Rate Special, 3.01% APY, $500 minimum; 18-month Special, 2.63% APY, $500 minimum.

Availability: Residents of 45 Kansas counties.

Azura Credit Union’s (Azura CU) 30-month Bump Rate Share Certificate and 18-month Share Certificate Special are two more examples of CDs that have become competitive by simply maintaining their rates, as other rates have fallen.

30-month Bump Rate Share Certificate

Earning 3.01% APY, the 30-month Bump Rate Share Certificate can be opened with a $500 minimum deposit, with no stated balance cap. It’s also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.01%$500-Azura Credit Union30 Month Bump Rate Share Certificate Special
3.01%$500-Azura Credit Union30 Month Bump Rate IRA Certificate Special (Traditional, Roth, CESA)
Rates as of September 20, 2019.

The 30-month Bump Rate Share Certificate was added to Azura CU’s product line in December 2018 and the 3.01% APY has been in effect since then.

The Bump Rate option, which must be initiated by the Share Certificate owner,

allows a member to choose to “bump” their rate one time for the 30 month Share Certificate, if the current rate being offered is higher. Each 30 month term has one bump available.

18-month Share Certificate Special

Like the 30-month Share Certificate, the 18-month Share Certificate Special was introduced in December 2018 and has maintained its initial 2.63% APY for the past nine months. The minimum opening deposit is $500, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.63%$500-Azura Credit Union18 Month Share Certificate Special
2.63%$500-Azura Credit Union18 Month IRA Certificate Special (Traditional, Roth, CESA)
Rates as of September 20, 2019.

According to CSR, partial withdrawals are not allowed: Share Certificates may only be closed early. The Early Withdrawal Penalty for the 30-month Bump Rate is 180 days interest and 90 days interest for the 18-month Special.

CSR also mentioned that dividends can be “compounded to the Share Certificate, transferred to another Azura account, or paid out by check." Maturing funds will be distributed by cashier’s check or transferred to an Azura checking or savings account.

Availability

Headquartered in Topeka, Kansas, Azura Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, or worship in any of the following 45 Kansas counties eligible for membership.

Northeast Counties: Atchison, Brown, Doniphan, Douglas, Jackson, Jefferson, Johnson, Leavenworth, Lyon, Marshall, Nemaha, Osage, Pottawatomie, Riley, Shawnee, Wabaunsee, Wyandott.

Southeast Counties: Allen, Anderson, Bourbon, Coffey, Franklin, Greenwood, Linn, Miami, and Woodson.

Northcentral Counties: Chase, Clay, Cloud, Dickinson, Ellsworth, Geary, Jewell, Lincoln, Marion, McPherson, Mitchell, Morris, Ottawa, Republic, Saline, and Washington.

Southcentral Counties: Butler, Harvey, and Rice.

Employment: Employees/retirees of AT&T, Goodyear Tire & Rubber, Southwestern Bell Communications, U.S. government agencies (including local, municipal, or state governments) also qualify for membership, as are employees/retirees/members of American Legion Post 400, TARC, or United Steelworkers Union Local #400. All employees and students of any Kansas educational institution are also eligible to join.

Relationship: Immediate family members of anyone eligible for membership are welcome to apply. Immediate family includes spouse/former spouse, parent/step-, sibling, child/step-, grandparent, or grandchild.

Joining Azura CU can be done online, or at any of ten Kansas branches located in Fort Riley, Lenexa, and Topeka (8).

This is the required membership share account to join Azura. It may be used as a
traditional savings account but a minimum of $5 must be maintained for membership.

Opening a Share Certificate can be done at any of the above-mentioned branches or by phone (800.432.2470).

Azura CU participates in the CO-OP ATM Network, giving its members access to nearly 30,000 surcharge-free ATMs through the country.

Credit Union Overview

Azura Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.09% (excellent) based on March 31, 2019 data. In the past year, Azura CU increased its total non-brokered deposits by $1.469 million, an above average annual growth rate of 0.39%. Please refer to our financial overview of Azura Credit Union (NCUA Charter # 61823) for more details.

Azura Credit Union was established in 2016 when Educational Credit Union and Quest Credit Union “merged as equals,” combining approximately the same number of members and total assets. Educational CU was founded in 1939 as the Topeka Teacher Credit Union, while Quest CU was established in 2010 through the merger of Credit Unions United (est. 1951) and Credit Union One of Kansas (est. 1956). Currently the sixth largest credit union in Kansas, Azura CU has nearly 51,000 members and assets in excess of $506 million.

When I think of the word “azure”, I think of water, but that’s not where the name comes from.

Why Azura? One of the reasons the new name was selected is the tribute it pays to the beautiful, azure blue Kansas sky. With a combined 140 years of service in Kansas, both credit unions wanted to be mindful of their heritage as they developed their plans to move forward. The name was created by combining the words "azure", meaning clear blue sky, and "terra", meaning land.

How the Share Certificates Compare

When compared to 229 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Azura Credit Union's 30-month Bump Rate Share Certificate APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
3.01% APY30-Month Bump Rate Share CertificateAzura Credit Union
3.00% APY36-Month CDMAC Federal Credit Union
2.89% APY36-Month CDHughes Federal Credit Union

When compared to 182 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Azura Credit Union's 18-month Share Certificate APY currently ranks third.

Interest RateCD Length of TermCredit Union/Bank
2.70% APY17-Month Certificate SpecialRiverLand Federal Credit Union
2.68% APY15-Month CD SpecialState Bank of Indian (IL)
2.63% APY18-Month Share CertificateAzura Credit Union

The above rates are accurate as of 8/23/2019.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Topeka CD rates, Kansas City CD rates, 1-year CD rates, 5-year CD rates

Comments
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